Forced to Retire
Dryer sheet aficionado
Few posters have done a math analysis of the costs of the extra TAXABLE 401K and IRA withdrawals that would be necessary to support their lifestyle from age 62-70 years old while they wait to collect Social Security. (You are paying the full tax rate to withdraw money from your 401K or IRA.)
OR:
The cost of pulling the money out of the savings and 401K, IRA during the years they are 62-70 if there is a bear stock market during that period. If you are collecting social security during that period you would not need to be taking as much money out during those bear market years and will have more money in your retirement accounts at age 70 going forward.
OR:
The cost of pulling the money out of the savings and 401K, IRA during the years they are 62-70 if there is a bear stock market during that period. If you are collecting social security during that period you would not need to be taking as much money out during those bear market years and will have more money in your retirement accounts at age 70 going forward.